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Aleksandr [31]
3 years ago
8

In 2017, Sunrise City signed a contract in the amount of $8,000,000 for the construction of a new city hall. Expenditures were $

4,000,000 in 2017 and $2,050,000 in 2018, which included a change to the original construction design in the amount of $50,000. What amount should be added to capital assets in the governmental activities accounts in 2018?
Business
1 answer:
skad [1K]3 years ago
4 0

Answer:

The correct answer is $2,050,000

Explanation:

In 2017, Sunrise City signed a contract in the amount of $8,000,000 for the construction of a new city hall. Expenditures were $4,000,000 in 2017 <u>and $2,050,000 in </u><u>2018</u>

$2,050,000 should be added to capital assets in the governmental activities accounts in 2018

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